INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -Answer and Explanation: The given statement is false. The primary motivation for an entrepreneur is to build a business on the basis of their ideas. They are motivated by the independence and the flexibility of operating their business.
Detailed explanation-2: -The main or basic motive for starting a business is always is to be independent. To work independently in one’s own ways is the primary motivation to start a venture.
Detailed explanation-3: -The opportunity to reap impressive profits is the primary motivation for most entrepreneurs. A successful entrepreneur would focus on the future and be sensitive towards any changes. Money is the symbol of a non-monetary reward to an entrepreneur.
Detailed explanation-4: -Money is not the primary motivation for entrepreneurs. Entrepreneurs are primarily driven by the passion to make their mark.
Detailed explanation-5: -Monetary gains, more freedom, more authority, and creative control are the four motivations of an entrepreneur.